Scott Bessent testifies on Capitol Hill over sanctions, oil waivers

Naijaonpoint_ng | 05-06-2026 12:09pm |

US Treasury Secretary Scott Bessent provided testimony before the House Ways and Means Committee regarding the Treasury's agenda, which included discussions on sanctions and oil waivers. During the session, he faced inquiries about IRS audit immunity concerning President Donald Trump's family, but he opted not to respond to those specific questions. This testimony comes in the wake of the discontinuation of a $1.776 billion compensation scheme intended for presidential allies.

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